AGL 39.58 Decreased By ▼ -0.42 (-1.05%)
AIRLINK 131.22 Increased By ▲ 2.16 (1.67%)
BOP 6.81 Increased By ▲ 0.06 (0.89%)
CNERGY 4.71 Increased By ▲ 0.22 (4.9%)
DCL 8.44 Decreased By ▼ -0.11 (-1.29%)
DFML 41.47 Increased By ▲ 0.65 (1.59%)
DGKC 82.09 Increased By ▲ 1.13 (1.4%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 72.87 Decreased By ▼ -1.56 (-2.1%)
FFL 12.26 Increased By ▲ 0.52 (4.43%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.51 Increased By ▲ 0.76 (5.53%)
KEL 5.19 Decreased By ▼ -0.12 (-2.26%)
KOSM 7.61 Decreased By ▼ -0.11 (-1.42%)
MLCF 38.90 Increased By ▲ 0.30 (0.78%)
NBP 64.01 Increased By ▲ 0.50 (0.79%)
OGDC 192.82 Decreased By ▼ -1.87 (-0.96%)
PAEL 25.68 Decreased By ▼ -0.03 (-0.12%)
PIBTL 7.34 Decreased By ▼ -0.05 (-0.68%)
PPL 154.07 Decreased By ▼ -1.38 (-0.89%)
PRL 25.83 Increased By ▲ 0.04 (0.16%)
PTC 17.81 Increased By ▲ 0.31 (1.77%)
SEARL 82.30 Increased By ▲ 3.65 (4.64%)
TELE 7.76 Decreased By ▼ -0.10 (-1.27%)
TOMCL 33.46 Decreased By ▼ -0.27 (-0.8%)
TPLP 8.49 Increased By ▲ 0.09 (1.07%)
TREET 16.62 Increased By ▲ 0.35 (2.15%)
TRG 57.40 Decreased By ▼ -0.82 (-1.41%)
UNITY 27.51 Increased By ▲ 0.02 (0.07%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,504 Increased By 59.3 (0.57%)
BR30 31,226 Increased By 36.9 (0.12%)
KSE100 98,080 Increased By 281.6 (0.29%)
KSE30 30,559 Increased By 78 (0.26%)

Philippines share prices closed 0.96 percent higher on Wednesday on selective-buying of blue chips that had fallen in recent days, dealers said. The composite index rose 24.03 points to 2,510.32 points, while the all-shares index rose one percent to 1,588.57 points. There were 52 advancers against 33 decliners and 53 unchanged.
Volume amounted to 1.065 billion shares worth 2.037 billion pesos (43.8 million dollars). The local currency traded at 46.471 to the dollar. "Investors are buying select shares, blue chips, sensing that there are some good value in them after the recent volatility in share prices," said Lawrence de Leon of Accord Capital Development Corp.
"It's partly bargain hunting. Some shares are offering good value for the moment. Some investors are picking them up, possibly for long positions," he added. But this was not a change in the downward trend, he warned, remarking that the market was still very mixed with the upturn due largely to gains in large cap issues.
Energy Development Corp gained 7.93 percent to 3.40 pesos while Ayala Corp rose 0.86 percent to 292.50 pesos. Ayala Land Inc rose 2.15 percent to 9.50 pesos. However Philippine Long Distance Telephone Co fell 0.38 percent to 2,585 pesos. San Miguel Corp saw its A shares rise by 9.09 percent to 54 pesos while its B shares gained by 10.2 percent to 54 pesos.

Copyright Agence France-Presse, 2008

Comments

Comments are closed.